Best Interest Standard of Care for Advisors #32
Regulation Best Interest: Best Interest and Suitability—How They Differ (Part 3) Regulation Best Interest (Reg BI) imposes a “best interest” standard of care on broker-dealers for their recommendations of securities and investment strategies to retail customers. That raises the question, what does best interest mean and how does it differ from suitability? (Note: While the […]
Best Interest Standard of Care for Advisors #29
Best Interest Standard and Recommendations of Rollovers and Withdrawals On June 15, SEC Chairman Clayton issued a statement partially entitled: “Need for Increased Care when Recommending 401(k)/IRA Rollovers and Withdrawals . . .”. As that title suggests, the Chairman’s statement covers areas where the SEC will focus on recommendations when Reg BI applies on June […]
Best Interest Standard of Care for Advisors #20
Regulation Best Interest: Rollover Recommendations and Form CRS/ADV Part 3 Disclosures (Rollovers Part 6) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Rule, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” This is […]
Best Interest Standard of Care for Advisors #19
Regulation Best Interest: Rollover Recommendations for Investment Advisers (Rollovers Part 5) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Rule, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” This is the 5th of […]
Best Interest Standard of Care for Advisors #18
Regulation Best Interest: Rollover Recommendations for Investment Advisers (Rollovers Part 4) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Rule, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” In earlier posts (e.g., Best […]
Best Interest Standard of Care for Advisors #17
Regulation Best Interest: Education vs. Recommendation (Rollovers Part 3) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” In my last post, Best Interest for […]
Best Interest Standard of Care for Advisors #16
Regulation Best Interest: Education vs. Recommendation (Rollovers Part 2) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” In my last post, Best Interest for […]
Best Interest Standard of Care for Advisors #15
Best Interest: Rollover Recommendations (Part I) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Rule, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” This article discusses how the Care Obligation in Reg BI […]
Best Interest Standard of Care for Advisors #13
Regulation Best Interest: Significant Changes from Proposal (Part 1) The SEC has issued its final Regulation Best Interest (Reg BI), Form CRS Regulation, RIA Interpretation and Solely Incidental Interpretation. I am discussing the SEC’s guidance in a series of articles entitled “Best Interest Standard of Care for Advisors.” The SEC’s Reg BI establishes a best […]